April 30, 2024

EnerCom is pleased to announce that registration is now open for the 29th annual EnerCom Denver – The Energy Investment Conference- oil and gas 360

Register for the 29th annual EnerCom Denver – The Energy Investment Conference, August 18-21, 2024

April 30, 2024

Oil and Gas 360 Registration is open for EnerCom Denver- The Energy Investment Conference. Institutional investors, portfolio managers, financial analysts, CIOs, and other investment community and industry professionals are encouraged to register now for the conference, which will take place August 18–21, 2024, at the Westin Denver Downtown. For the past 29 years, EnerCom Denver has been the

Marathon Petroleum Q1 earnings and revenue beat estimates

April 30, 2024

Oil Price Marathon Petroleum Corp (NYSE: MPC) reported on Tuesday higher-than-expected earnings and revenues for the first quarter despite lower refining margins and profits compared to the same period last year. Marathon Petroleum’s first-quarter net income came in at $937 million, or $2.58 per diluted share, one of the biggest U.S. refiners said today. The earnings per share were slightly higher than

Chevron to resolve ExxonMobil arbitration over Guyana discovery soon following $53 billion Hess acquisition, CEO predicts

April 30, 2024

World Oil (Bloomberg) – Chevron Corp. expects a resolution to a dispute with Exxon Mobil Corp. over a Guyana oil contract in coming months that would allow for the completion of the $53 billion acquisition of Hess Corp. this year. Exxon began arbitration proceedings in March, arguing it has a right of first refusal over Hess’s 30% stake in the

OPEC+ overproducers present plans for cutting more oil production

April 30, 2024

Oil Price As part of their commitment to compensate for exceeding production quotas, certain OPEC+ members have submitted detailed plans outlining how they intend to implement these compensatory cuts. Both Iraq and Kazakhstan, nations that had surpassed their agreed-upon oil production targets by several hundred thousand barrels per day in the first quarter of the year, have submitted their respective

Oil and gas industry’s “strong” free cash flow to support increasing production targets

April 30, 2024

World Oil (Bloomberg) – Last year, the demand for loans from oil and gas companies fell 6% year-on-year, and that followed a decline of 1% in 2022. Oil and gas companies don’t need a lot of loans because they’re generating so much money these days from their underlying businesses, said Andrew John Stevenson, senior analyst at Bloomberg Intelligence. And that

Texas operators turn to flaring amid weak gas prices

April 30, 2024

BOE Report Operators drilling for oil in Texas are scrambling to dispose of their excess natural gas amid a supply glut and weak prices, prompting an uptick in flaring requests. The Railroad Commission of Texas (RRC), which regulates the state’s oil and natural gas industry, last week approved 21 exemption requests from operators, mostly in the Permian and Eagle Ford

Register for the 29th annual EnerCom Denver – The Energy Investment Conference, August 18-21, 2024

Marathon Petroleum Q1 earnings and revenue beat estimates

Chevron to resolve ExxonMobil arbitration over Guyana discovery soon following $53 billion Hess acquisition, CEO predicts

OPEC+ overproducers present plans for cutting more oil production

Oil and gas industry’s “strong” free cash flow to support increasing production targets

Texas operators turn to flaring amid weak gas prices

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